1031 Exchange Classes for Realtors

We offer a variety of classes for Continuing Education (CE) credits for realtors. As a realtor, we know it's important for you to stay up-to-date and learn about more ways to improve your business and help your clients. In the past, we have offered many classes to different brokerages and realtor’s associations.
Some approved CE classes offer are:

1031 Exchanges: The Basics- 6 Things You Need to Know

All great subjects start with the basics! Come join us for this basic workshop on IRC §1031 exchanges and learn what every Real Estate Professional and Investor should know about the 1031 Basics.After this class, you will be able to:

List and describe the 6 basic rules of a §1031 Exchange, including:

What "Held for Investment" means

45-day identification rules time limit

180 days to complete the exchange

Qualified Intermediary requirement

Same taxpayer on title requirement

How a §1031 exchange is taxed

Understand the new IRS ruling on Vacation Homes and 1031 Exchanges

Show how to combine a 1031 exchange with a homestead residence

Describe the advantages and benefits of exchanging to your investor clients

In the business of real estate, knowledge means commissions. With 1031 exchanges, this comes "two times" true!

Advanced 1031 Exchanges

This advanced 1031 exchange workshop starts with a comprehensive review of the basics and moves swiftly into advanced exchange topics. You'll get a combined basic and advanced 1031 exchange curriculum in half a day's time, and cover 95% of the all the exchanges you'll ever run into in your real estate career.In the "1031 Exchanges - Advanced " class, we cover:

The six (6) things you need to know about a 1031 Exchange

Identify three (3) new IRS rulings to bring you up to date on the 1031 latest

Understand the requirements for choosing a Qualified Intermediary to handle your 1031

Discover two (2) simple questions to ask if a transaction qualifies for a 1031 Exchange

Calculate how the gain is taxed on a typical real estate sale

Examine how to hold title to real estate, including LLC's, Corp's, Trusts and Partnership

Discuss the "Reverse Exchange" and other complicated 1031 exchanges

Expand to seller backed financing, related party transactions, and FIRPTA!

Design and structuring of a 1031 exchange

Plus! Five simple tax strategies and examples provided throughout this course you'll not want to miss! This Advanced 1031 class will cover tons more than just the basics.

1031 Exchanges and Commercial Real Estate

A quick review of the basics and off you go into the world of Commercial Real Estate. In this course we’ll cover the following:

By attending this class, you will be able to:

Review in detail the six (6) things you need to know about a §1031 Exchange

Identify three (3) new IRS rulings to bring you up to date on the §1031 latest

Foreigners are advised to take advantage of their new found buying power and low prices. They will buy now, or sell and upgrade their old properties through a 1031 exchange. Of course, taxes play a huge role in their decisions and can stop a good deal dead in its tracks. They will only work with a Realtor® who understands 1031 Exchanges and the FIRPTA tax.

Are you prepared?

After this class you will be able to:

List and describe the 6 basic rules of a 1031 Exchange

Understand all the new federal tax updates affecting 1031 Exchange

Learn two (2) tax strategies you can utilize to save your client a ton of tax

Explain the FIRPTA tax rules easily to your clients

Propose methods on how to reduce or avoid entirely the 10% FIRPTA tax

Know how to apply for a Taxpayer Individual ID number with form W-7

Conduct two kinds of FIRPTA 1031 Exchanges

Distinguish between a U.S. Resident and Non U.S. Resident

Learn what the Substantial Presence Test means

Examine many more FIRPTA pitfalls, such as rental, quit claim and assignment

Income Taxes for Realtors

We all know the power of the Internal Revenue Service (IRS), but have not been formally introduced. One day you will meet, so be prepared. If you follow the basics outlined in this course, surviving an IRS audit will be favorable. You’ll need to strictly follow the tax rules, be organized and have good records. A must attend for the newly licensed or experienced Realtor®, and those serious about running a profitable real estate sales business and separating themselves from their competitors.After this class you will be able to:
-Decide between operating as a Sole Proprietor, LLC, Partnership or Corporation, including "S" Corp's
-Identify four (4) types of income and how the IRS uses form 1099 to track earnings
-Calculate the estimated quarterly income tax and self-employment taxes due to the IRS
-Develop a system, either manual or computerized, to track income and expenses
-Document Travel, Meals and Entertainment expenses to IRS specifications
-Decide if it's better to lease or buy your automobile for your real estate business
-Discover a world of legal tax deductions through the office in your home
-Implement three (3) tax saving strategies that help keep you focused on your business
-Save for future retirement with three (3) simple retirement plan solutions
-Choose the right CPA or Tax Preparer for your business
-Bring your tax war stories to share with us and get the right answers from the expert!

All approved CE classes our taught by Nace Cohen, a qualified intermediary with over 30 years of experience as a CPA. Nace Cohen has been teaching classes on 1031 Exchanges for many years, receiving rave reviews and great feedback. He is very knowledgeable and experienced in 1031’s, which makes his classes very informative and lively.

If you would like for Nace Cohen, CPA to come and teach an approved CE course to your group of realtors, please contact us today! We’d be happy to hear from you.